It's possible to trade profitably on the Forex, the nearly $2 trillion worldwide currency exchange market. But the odds are against you, even more so if you don't prepare and plan your trades. According to a 2014 Bloomberg report, several analyses of retail Forex trading, including one by the National Futures Association (NFA), the industry's regulatory body, concluded that more than two out of three Forex traders lose money. This suggests that self-education and caution are recommended. Here are some approaches that may improve your odds of taking a profit. Prepare Before You Begin Trading Because the Forex market is highly leveraged -- as much as 50 to 1 -- it can have the same appeal as buying a lottery ticket: some small chance of making a killing. This, however, isn't trading; it's gambling, with the odds long against you. A better way of entering the Forex market is to carefully prepare. Beginning with a practice account is helpful and risk-free. While you're trading in your practice account, read the most frequently recommended Forex trading books, among them Currency Forecasting: A Guide to Fundamental and Technical Models of Exchange Rate Determination, by Michael R. Rosenberg is short, not too sweet and highly admired introduction to the Forex market. Forex Strategies: Best Forex Strategies for High Profits and Reduced Risk, by Matthew Maybury is an excellent introduction to Forex trading. The Little Book of Currency Trading: How to Make Big Profits in the World of Forex, by Kathy Lien is another concise introduction that has stood the test of time. All three are available on Amazon. Rosenberg's book, unfortunately, is pricey, but it's widely available in public libraries. "Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude," by Mark Douglas is another good book that's available on Amazon, and, again, somewhat pricey, although the Kindle edition is not. Use the information gained from your reading to plan your trades before plunging in. The more you change your plan, the more you end up in trouble and the less likely that elusive forex profit will end up in your pocket. Diversify and Limit Your Risks Two strategies that belong in every trader's arsenal are: Diversification: Traders who execute many small traders, particularly in different markets where the correlation between markets is low, have a better chance of making a profit. Putting all your money in one big trade is always a bad idea. Familiarize yourself with ways guaranteeing a profit on an already profitable order, such as a trailing stop, and of limiting losses using stop and limit orders. These strategies and more are covered in the recommended books. Novice traders often make the mistake of concentrating on how to win; it's even more important to understand how to limit your losses. Be Patient Forex traders, particularly beginners, are prone to getting nervous if a trade does not go their way immediately, or if the trade goes into a little profit they get itchy to pull the plug and walk away with a small profit that could have been a significant profit with little downside risk using appropriate risk reduction strategies. In "On Any Given Sunday," Al Pacino reminds us that "football is a game of inches." That's a winning attitude in the Forex market as well. Remember that you are going to win some trades and lose others. Take satisfaction in the accumulation of a few more wins than losses. Over time, that could make you rich!

Homemade Mozzarella Sticks with Marinara Sauce

Homemade Mozzarella Sticks with marinara sauce are perfect for a party or game day. Gooey and melty on the inside and golden and crunchy on the outside, they’re absolutely addicting!


Homemade mozzarella cheese sticks are one of the easiest appetizers you can make, but they do involve a few tricks for best results.

For convenience, I use string cheese you can find individually packaged in the refrigerator section of most grocery stores and usually cut them half. You can also use fresh mozzarella and cut it up into 1/2-inch thick and 4-inch long if you prefer.


After dredging the cheese in flour, dip in eggs, and roll in breadcrumbs, I do another round of coating for maximum coverage.

If you want to store the homemade mozzarella cheese sticks for future use, freeze them first on the baking sheet until firm before transferring to resealable bags to prevent them from sticking together.

Breaded Mozzarella Sticks with Marinara Sauce Recipe
Homemade Mozzarella Sticks with marinara sauce are perfect for a party or game day.  Gooey and melty on the inside and golden and crunchy on the outside, they're absolutely addicting!



Ingredients

  • 12 pieces mozzarella sticks
  • 2 eggs
  • 2 tablespoons milk
  • 1 cup flour
  • 2 cups breadcrumbs
  • 1 teaspoon Italian seasoning
  • 1 teaspoon garlic powder
  • salt and pepper to taste
  • oil

For Marinara Sauce

  • 1 cup crushed tomatoes
  • 1 tablespoon olive oil
  • 2 cloves garlic, peeled and minced
  • 1/2 teaspoon Italian seasoning
  • salt and pepper to taste

Instructions

  1. Remove mozzarella sticks from packaging and cut each horizontally into half.
  2. In a shallow bowl, place flour.
  3. In another shallow bowl, whisk together eggs and milk.
  4. In another shallow bowl, combine bread crumbs, Italian seasoning, garlic powder, and salt and pepper to taste.
  5. Dredge mozzarella sticks in flour, dip in egg mixture and then roll in breadcrumbs mixture.  
  6. Dredge again in flour, dip in egg mixtures, and then roll in breadcrumbs to fully coat.
  7. Arrange breaded mozzarella sticks in a single layer on a cookie sheet. Freeze for about 30 to 40 minutes or until firm.
  8. In a deep, thick-bottomed pan over medium heat, heat about 2-inch deep of oil to 350 F. 
  9. Add mozzarella sticks in batches and cook, turning once or twice, for about 1 to 2 minutes or until golden and crisp. 
  10. With a slotted spoon, remove from pan and drain on a wire rack set over a baking sheet. Serve hot with marinara sauce.

For Marinara Sauce

  1. In a blender or food processor, pulse tomatoes until crushed.
  2. In a pan over medium heat, heat olive oil. Add garlic and cook until aromatic. 
  3. Add crushed tomatoes and bring to a boil. 
  4. Add Italian seasoning and season with salt and pepper to taste. 
  5. Lower heat and simmer, stirring occasionally, for about 10 to 15 minutes to allow flavors to meld.

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